Markets faltered and businesses braced for more instability as China set out plans for national-security laws to tighten its control over Hong Kong, piling stress on the global finance hub already battered economically by protests and the pandemic
Investors on Friday signaled broad pessimism about the move that will likely escalate tensions with the U.S., pushing the city’s benchmark stock index down by nearly 6%, its worst one-day fall since July 2015.
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